Healthcare Industry News: Baxter International
News Release - February 13, 2007
Baxter Names Robert Hombach TreasurerDEERFIELD, Ill., Feb. 13 (HSMN NewsFeed) -- Baxter International Inc. (NYSE: BAX ) today announced that it has named Robert J. Hombach corporate vice president and treasurer, effective immediately. Hombach, 40, fills the role left vacant by Robert M. Davis, who previously assumed the role of chief financial officer for Baxter in 2006. In his most recent role as vice president of finance, Europe, Hombach provided strategic leadership and direction to Baxter's European finance organization.
"For more than 18 years, Bob has brought significant business and finance leadership experience to each new role he has assumed," said Davis. "Having previously served as assistant treasurer at Baxter, as well as having broad finance and cross-business experience, he will be invaluable in his new role as treasurer."
Since joining Baxter in 1989, Hombach has served in a number of finance positions with increasing responsibility in the planning, manufacturing, operations, and treasury areas. Before assuming the position of vice president of finance, Europe, he oversaw global planning and analysis, led several enterprise-wide initiatives and served as a member of the Baxter strategy team.
Hombach earned his master's degree in business administration from Northwestern University's Kellogg Graduate School of Management, and his bachelor of science degree in finance from the University of Colorado at Boulder. He has also earned a C.P.A. and C.M.A.
Baxter International Inc., through its subsidiaries, assists healthcare professionals and their patients with the treatment of complex medical conditions, including cancer, hemophilia, immune disorders, kidney disease and trauma. The company applies its expertise in medical devices, pharmaceuticals and biotechnology to make a meaningful difference in patients' lives.
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